111 Rathfarnham Cir Asheville, NC 28803
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About this home
Step inside a 1929 treasure where craftsmanship meets modern luxury. Gracious and timeless, this Colonial Revival residence enhanced with Arts & Crafts detailing is set on a large, level lot tucked privately in South Asheville. The location offers privacy, yet is convenient to Asheville Regional Airport, Biltmore Park, premier schools, fine dining, and shopping. Thoughtfully renovated with refined taste while preserving its 1920s character and charm, the result is an elegant yet welcoming home, grounded in history but beautifully updated for modern living. It features five bedrooms and three-and-a-half bathrooms, including separate guest quarters above the detached garage/workshop and adjacent carport. Inside, you’ll find original wavy glass windows, reclaimed hardwood floors, and a chef’s kitchen showcasing Viking, Bosch, and Dacor appliances, concrete countertops, and fine cabinetry crafted from South-African hardwoods. Every detail reflects intentional craftsmanship and enduring style. Outdoors, multiple living areas invite both intimate gatherings and grand entertaining. Enjoy an expansive lawn framed by lush gardens, a stately front porch of Ipe wood, and custom ironwork gates leading to an enchanted alfresco dining area. An extensive private back patio offers the perfect setting for relaxing or entertaining amid a serene, park-like backdrop. With county-only taxes and no short-term rental restrictions, this South Asheville estate offers an exceptional opportunity as a primary residence or luxury investment property. A 1929 treasure reborn—where privacy, history, and craftsmanship come together in perfect harmony.
Source: CANOPYMLS #4308517
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.